U.S. spot XRP exchange-traded funds (ETFs) recorded their first net outflow after a sustained period of inflows, according to the latest data from CoinGlass. The combined daily net outflow stood at $40.8 million, but the movement was not a broad sell-off—multiple issuers saw fresh capital enter their products, and total assets under management remained largely unchanged.
21Shares TOXR ETF Accounts for the Entire Outflow
Data from CoinGlass and SoSoValue revealed a concentrated outflow pattern. The 21Shares TOXR ETF recorded a net outflow of $47.25 million on the same session, more than offsetting inflows into other XRP ETF products. Among those still attracting capital: Canary's XRP ETF saw a net inflow of $2.32 million, Bitwise's XRP ETF added $2.44 million, Grayscale's XRP Trust posted $1.69 million of inflows, and Franklin's XRP ETF remained flat. The net result pushed aggregate flows into negative territory by $40.8 million.
Such concentrated outflows often occur after extended inflow periods as funds rebalance internal allocations or adjust exposure at the issuer level. Importantly, multiple XRP ETFs continuing to draw new money suggests that investor demand remains active across diversified products, even as one fund experienced a large withdrawal.
Aggregate Metrics Stay Solid Despite Daily Decline
As of the session close, total net assets held by U.S. spot XRP ETFs stood at $1.53 billion, representing about 1.16% of XRP's total market capitalization. Cumulative net inflows remained positive at $1.20 billion, indicating that the daily reversal did not materially erode overall institutional capital commitment. Trading activity also held steady, with total value traded across XRP ETF products reaching $33.74 million.
SoSoValue data confirmed that the outflow had limited impact on longer-term positioning. The daily adjustment was issuer-specific rather than a market-wide retreat, and net asset levels remained near recent highs. Market participants are likely to view the event as a measured rebalancing move rather than a structural shift in institutional interest.
XRP ETF flow data continues to serve as a key indicator of institutional behavior. The coming sessions will reveal whether net inflows resume or if rotation patterns persist.